Skip to content
Two investors reviewing resources on a laptop

Get industry-leading resources — for free

Unlock resources for every investing strategy and stage with a free account.

By continuing, you agree to BiggerPockets LLC's Terms of Use and Privacy Policy

×
Take Your Forum Experience
to the Next Level
Create a free account and join over 3 million investors sharing
their journeys and helping each other succeed.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
Already a member?  Login here
Followed Discussions Followed Categories Followed People Followed Locations
Rehabbing & House Flipping
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

User Stats

31
Posts
15
Votes
Donyea Jenkins
15
Votes |
31
Posts

Fix and Flip Questions

Donyea Jenkins
Posted

I am getting ready to get into flipping. My questions are in regards to ARV.

1) Would it be useful to consult an appraiser about what repairs should be done to get the max value BEFORE buying the property. More information, my niche is total rehab. My properties will be almost blank canvases. This would seem to make sense....would this be something to consider/do? 

2) Does it not matter if we are basically replacing everything(roof, electrical, plumbing, flooring...etc)? 

Appreciate any feedback

  • Donyea Jenkins
  • Most Popular Reply

    User Stats

    2,998
    Posts
    724
    Votes
    Jaycee Greene
    • Real Estate Consultant
    • St. Louis MSA
    724
    Votes |
    2,998
    Posts
    Jaycee Greene
    • Real Estate Consultant
    • St. Louis MSA
    Replied
    Quote from @Donyea Jenkins:

    I am getting ready to get into flipping. My questions are in regards to ARV.

    1) Would it be useful to consult an appraiser about what repairs should be done to get the max value BEFORE buying the property. More information, my niche is total rehab. My properties will be almost blank canvases. This would seem to make sense....would this be something to consider/do? 

    2) Does it not matter if we are basically replacing everything(roof, electrical, plumbing, flooring...etc)? 

    Appreciate any feedback

    @Donyea Jenkins I doubt an appraiser would have time to do this, but rather I'd suggest you find a GC that does the type of rehab you're planning. Not sure I understand your question in #2. 

  • Jaycee Greene
  • [email protected]
  • Loading replies...